The autumn jobs market may be unexpectedly buoyant following a very quiet sum- mer in the run-up to A-day, according to recruitment consultants.Consultants are seeing dem-and from schemes, investment managers and IFAs, with much of this due to A-Day but in the context of renewed market confidence across the board. IPS Financial Services director Andrew Gartside says: “We are busy and that is partly a direct result of the work of schemes and advisers for A-Day. “There is a lot of work around pensions. Certainly, levels are up on this time last year.” Search Consultancy says that in the last few days it has seen an almost tenfold increase in vacancies and it believes this points to a very busy final quarter of the year. The company says it is seeing increased demand for broker consultants, sales support and paraplanners which it specialises in, partly in the run-up to A-Day. But Search divisional manager for London and the South Andrew Stark says the mort-gage side of the business is also holding up despite mortgage regulation. He says: “Interestingly, the FSA regulations have not made a difference. The mortgage market is holding up well. I am amazed at how positive the financial services market is looking.” Stark says the only problem is that demand for paraplanners is outstripping supply, particularly as employers expect them to be better qualified, including some AFPC qualifications, and to increasingly take a sales role which some may not want to do.
Sesame has appointed St James’s Place mortgage marketing manager Paul Rignall as its mortgage product manager. Rignall replaces Andy Young, who left for TBMC in April.
VirtualNet has been locked in a bitter dispute with a former member who is accusing the network of applying unfair charges to lock members in. MacArthur Denton Asset Managers threatened to take legal action against the online network when it was hit with a charge of just under 20,000 on resigning its membership. VirtualNet insists […]
Clerical Medical claims it has helped over 2,000 advisers since January when it launched its Advice matters IFA support programme. The firm has run strategic seminars on areas such as professional indemnity insurance, A-Day, achieving growth and profitability and HR issues. The programme of adviser support includes a PI consultancy, business critical – looking at […]
Hamptons International Mortgages and Towry Law are in talks over an introducer relationship that will see the two firms exchanging mortgage and Sipp-inspired business. In a move described as an equal partnership between the two firms, the deal, which is expected to be finalised in the next few weeks, aims to capitalise on Sipp investment […]
Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?
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Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]